Portfolio Update: Adding To My Favorite Canadian E&Ps

Last week’s sell-off was a one time event: Stability in the oil market should return. Selling overleveraged and low netbacks oil producers. Adding to my favorite Canadian E&Ps. Click here to read the entire article on Seeking Alpha.

Portfolio Update: Aggressive Moves To Start 2017

Here are my trades to start the year: I added to my position in Amaya. Indeed, bad names will stop appearing in bad actor clause negotiations now that both David Baazov and Daniel Sebag are gone. Plus Amaya’s operations are coming out as very strong. I bought back shares in Corridor Resources, as you know. […]

Amaya: Water Under The Bridge

[…] the Board concluded that at this time remaining as an independent publicly-traded corporation best positions Amaya to deliver long-term shareholder value. […] Amaya and William Hill have determined that they will no longer pursue the merger. Amaya Press Release, October 18, 2016 The market saw this as very bad news: Amaya’s stock dropped 10% […]

California Online Poker: Quick Update

The online poker bill passed the legislative committee today. The same thing happened last year: could this year be different? Progress on the bad actor clause wasn’t clear publicly. Surprisingly, the PokerStars coalition supported the bill, even though it included the clause. We only know from its public statement that the coalition is looking forward […]

Amaya: Can It Hold The 50-Day Moving Average

As you know, there has been a lot of news lately concerning Amaya. The stock currently is about halfway from the CEO’s non-offer of C$21 per share compared to the lows of last week. Source: StockCharts.com The question now is can the stock hold the 50-day moving average of C$17.89 per share? The stock displayed […]

Amaya: The Market Called The Buyout Bluff Today

There was a lot of action today. At first, Amaya skyrocketed to C$19.75 per share at the opening, probably because of shorts covering their position. Thereafter the stock price held the C$18.50 per share mark for most of the day, except at the close: the stock price closed at C$18.00 per share. Source: StockCharts.com The […]

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